Business
Transition Metals Corp Upsizes Critical Flow Through Financing to $743,133
Sudbury, Ontario--(Newsfile Corp. - September 29, 2025) - Transition Metals Corp. (TSXV: XTM) (" ...
About this update from Transition Metals Corp.
[{"type":"text","content":"Transition Metals Corp Upsizes Critical Flow Through Financing to $743,133Sudbury, Ontario--(Newsfile Corp. - September 29, 2025) - Transition Metals Corp. (TSXV: XTM) (\"Transition\" or the \"Corporation\") is pleased to announce it has upsized its non-brokered critical mineral flow through private placement financing (\"CFT Offering\") originally announced on September 22, 2025. Demand for the CFT Offering has allowed the Company to increase the placement to a total of $743,133 in gross consisting of 9,908,439 Critical Flow Through Shares (the \"CFT Shares\") at a price of $0.075 per CFT Share. A finder's fee may be paid in connection with a portion of the financing to finders, as determined by mutual agreement between the Corporation and the finders and subject to regulatory approval. The finders' fee will consist of 6% cash for CFT Shares sold to investors introduced by such finders and an additional 6% non-transferable share purchase warrants equal to 6% for CFT Shares sold to investors introduced by such finders (the \"Compensation Warrants\"). The Compensation Warrants will permit the finder to purchase one common share in the capital of the Company for 18 months from closing at a price of $0.12.Proceeds from the CFT Shares issued in connection with the CFT Offering will be used to explore and advance critical minerals properties in Ontario (Saturday Night PGM) and Yukon (Pike Warden Au-Ag-Cu). The securities issued in connection with the CFT Offering, including any common shares issued upon exercise of the Compensation Warrants, will be subject to a four-month restricted resale period and applicable securities legislation hold periods outside of Canada from the closing date. Completion of the CFT Offering will be subject to all necessary approvals, including the approval of the TSX Venture Exchange. There can be no assurance that the CFT Offering will be completed as proposed or at all.Certain officers and directors of the Company may participate in the private placement, which constitutes a \"related party transaction\" for purposes of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). Such participation is exempt from the valuation and minority approval requirements of MI 61-101 by virtue of the fact that the Company is not listed on a specified market set ...